Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2019 Earnings Presentation
38 slides from Oberoi Realty's earnings presentation, Jan 22, 2019
Slide 1: Oberoi Realty Limited Result Update Q3FY19
Oberoi Realty Limited Result Update Q3FY19 January 22, 2019
Slide 2: Key Developments
Key Developments Achieved highest ever top line in any financial year Commenced bookings for the fifth tower at Sky City, Borivali Crossed 1,000 units of bookings in Sky City Awards Mr. Vikas Oberoi honoured as best successor – Second Generation at Hindustan Times – Real Estate Awards Esqu
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Balance sheet summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY19 9MFY18 FY18 Non-current assets 4,10,850 3,66,111 3,79,158 Current assets 6,94,804 6,25,617 6,43,315 Total 11,05,654 9,91,728 10,22,473 Equity 7,85,992 5,96,283 6,09,237 Non-current liabilities 82,092 7
Slide 5: Cash flow and cash balances
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Opening Cash and Cash Equivalents 1,28,886 1,38,804 11,184 13,251 49,417 Operating Cash Flows (2,058) 4,517 (36,690) 25,759 (40,381) Investing Cash Flows (66,614) (83,304) (
Slide 6: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY19 9MFY18 FY18 Non-current assets Fixed assets (including CWIP) 1,12,997 1,07,930 1,08,898 Financial assets 2,65,308 2,31,462 2,41,066 Deferred tax assets (net) 13,827 12,221 14,579 Other non-current asse
Slide 7: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY19 9MFY18 FY18 Non-current liabilities Financial liabilities i) Borrowings 61,871 67,830 67,864 ii) Trade Payables 2,202 1,356 1,464 iii) Others 10,224 6,436 8,451 Provisions 197 151 166 Deferred tax liab
Slide 8: Profit and loss statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Revenue from Projects 39,386 46,977 24,926 1,63,253 61,600 Revenue from Hospitality 3,612 3,167 3,515 9,817 9,400 Revenue from Rent 8,485 7,797 5,927 23,540 17
Slide 9: Margins and return ratios
Financial Update Investment Properties Development Properties Particulars 9MFY19 9MFY18 Adjusted EBITDA* Margin (Including Non Operating 53.60% 54.37% Income) Adjusted EBITDA* Margin (Excluding Non Operating 52.33% 53.44% Income) PAT Margin 32.03% 33.63% RONW# 12.74% 7.26% ROCE# 10.55% 6.05% Gross D
Slide 10: Segment results
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential* Rental Hospitality Management Services Q3FY19 42.67% 33.59% 95.12% 37.74% -8.77% Total Revenues 54,879 41,247 8,683 3,729 1,220 Adjusted EBITDA** 23,414 13,855 8,259 1,407 (107) 9M
Slide 11: Share price performance versus indices
Index 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 220.00 200.00 210.00 20-Oct-10 30-Nov-10 10-Jan-11 20-Feb-11 2-Apr-11 13-May-11 23-Jun-11 3-Aug-11 13-Sep-11 24-Oct-11 Financial Update 4-Dec-11 14-Jan-12 24-Feb-12 5-Apr-12 16
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 31-Dec-18 30-Sep-18 30-Jun-18 31-Mar-18 31-Dec-17 Promoter and Promoter Group 67.70% 67.70% 67.70% 72.49% 72.49% Foreign Institutional Investors (FIIs) 25.40% 25.54% 26.44% 21.98% 22.58% Domestic Institutional Investors (Institut
Slide 13: Investment properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 12
Slide 14: Investment properties: mall performance
Financial Update Investment Properties Development Properties Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Operating Revenue (Rs. Lakh) 3,890 3,750 2,796 11,184 8,142 EBITDA (Rs. Lakh) 3,714 3,567 2,657 10,613 7,631 EBITDA Margin (%) 95.48% 95.13% 95.00% 94.89% 93.72% Occupancy (%) 96.85% 96.85% 9
Slide 15: Investment properties: office performance
Financial Update Investment Properties Development Properties Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Operating Revenue (Rs. Lakh) 1,040 1,012 1,108 3,123 3,420 EBITDA (Rs. Lakh) 986 990 1,097 3,029 3,393 EBITDA Margin (%) 94.81% 97.81% 98.98% 96.97% 99.20% Occupancy (%)* 77.74% 77.74% 82.13%
Slide 16: Investment properties: office performance
Financial Update Investment Properties Development Properties Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Operating Revenue (Rs. Lakh) 2,260 1,854 1,136 5,776 3,369 EBITDA (Rs. Lakh) 2,053 1,650 926 5,156 2,759 EBITDA Margin (%) 90.81% 88.99% 81.53% 89.26% 81.90% Occupancy (%) 63.66% 63.44% 44.66
Slide 17: Hospitality performance
Financial Update Investment Properties Development Properties Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Operating Revenue (Rs. Lakh) 3,691 3,208 3,537 9,987 9,464 EBITDA (Rs. Lakh) 1,369 1,065 1,278 3,501 3,243 EBITDA Margin (%) 37.08% 33.22% 36.12% 35.05% 34.27% Number of Rooms 269 269 269 269
Slide 18: Mixed use developments
Financial Update Investment Properties Development Properties Mixed Use Developments Sky City, Borivali (Mall/Hotel) Worli (Mall/Office/Hotel) Total GLA : ~1.73 msf Total GLA : ~1.70 msf 17
Slide 19: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 20: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Project Residential Projects Est. Area Recognised Till Date on Date Value till Date Completion till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650 5,000 5,000 100%
Slide 21: Projects booked in Q3FY19
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Projects Collected in Recognised in Q3FY19 in Q3FY19 for Q3FY19 Q3FY19 in Q3FY19 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 1,690 1 442 816 442 Esquire 29,865 12 6,670 8,9
Slide 22: Exquisite project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 1,690 17,030
Slide 23: Esquire project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 882 Area Booked (sqft) 29,865 52,32
Slide 24: Prisma project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) - 8,397 8,595 22,985 20,
Slide 25: Eternia artist impression
Financial Update Investment Properties Development Properties Artist Impression 24
Slide 26: Eternia project status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2018 Project status as on Sep 30, 2018 25
Slide 27: Eternia project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Area of Project (sqft.) 21,48,000 21,48,000 16,96,820 21,48,000 16,96,820 21,48,000 Estimated Total Units (nos.) 1,277 1,277 1,057 1,277 1,057 1,277 Area opened fo
Slide 28: Enigma
Financial Update Investment Properties Development Properties 27
Slide 29: Enigma project status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2018 Project status as on Sep 30, 2018 28
Slide 30: Enigma project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Area of Project (sqft.) 19,89,000 19,89,000 16,12,045 19,89,000 16,12,045 19,89,000 Estimated Total Units (nos.) 662 662 619 662 619 662 Area opened for booking (s
Slide 31: Sky City artist impression
Financial Update Investment Properties Development Properties Artist Impression 30
Slide 32: Sky City project status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2018 Project status as on Sep 30, 2018 Artist Impression 31
Slide 33: Sky City project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Area of Project (sqft.) 45,93,000 45,93,000 39,92,754 45,93,000 39,92,754 45,93,000 Estimated Total Units (nos.) 2,966 2,966 2,357 2,966 2,357 2,966 Area opened fo
Slide 34: Three Sixty West project status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2018 Amount spent in Q3FY19 : Rs. 129.08 crore 33
Slide 35: Three Sixty West project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY19 Q2FY19 Q3FY18 9MFY19 9MFY18 Date Estimated Area of Project (sqft.) 22,82,346 22,82,346 23,71,278 22,82,346 23,71,278 22,82,346 * Area Booked (sqft) (2,052) 51,583 47,479 84,855 91,556 5,27,124 * Units Booke
Slide 36: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance [email protected] Mayank Kapoor EA to MD and Investor Relations [email protected] For any further information please write to [email protected] or contact on (+91 22) 6677 3333 35
Slide 37: Notes
Notes 1. Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. 2. Total are
Slide 38: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t